Bank of Nova Scotia (TSE:BNS) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$101.58 and traded as high as C$113.27. Bank of Nova Scotia shares last traded at C$113.11, with a volume of 2,281,115 shares traded.

Analyst Upgrades and Downgrades

Several analysts recently commented on BNS shares. TD increased their price objective on shares of Bank of Nova Scotia from C$112.00 to C$113.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Canadian Imperial Bank of Commerce upped their target price on shares of Bank of Nova Scotia from C$116.00 to C$122.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Desjardins raised their price objective on shares of Bank of Nova Scotia from C$108.00 to C$115.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Canaccord Genuity Group dropped their price objective on shares of Bank of Nova Scotia from C$110.00 to C$108.00 and set a “hold” rating on the stock in a report on Wednesday, May 20th. Finally, Jefferies Financial Group increased their target price on shares of Bank of Nova Scotia from C$104.00 to C$105.00 in a report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Bank of Nova Scotia presently has a consensus rating of “Hold” and a consensus price target of C$110.54.

Bank of Nova Scotia Stock Up 1.5%

The business’s fifty day moving average is C$104.14 and its two-hundred day moving average is C$101.58. The stock has a market capitalization of C$138.68 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 1.33 and a beta of 1.23.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings results on Wednesday, May 27th. The bank reported C$2.02 earnings per share (EPS) for the quarter. The company had revenue of C$9.85 billion during the quarter. Bank of Nova Scotia had a return on equity of 11.06% and a net margin of 15.64%. Sell-side analysts expect that The Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Bank of Nova Scotia Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 28th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Tuesday, April 7th. Bank of Nova Scotia’s dividend payout ratio (DPR) is 60.69%.

About Bank of Nova Scotia

Scotiabank’s vision is to be our clients’ most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: ‘for every future,’ we help our clients, their families and their communities achieve success through a broad range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.5 trillion (as at January 31, 2026), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).